I did, however, live in Britain when Mark was the head of the Bank Of England.
His policy during his tenure there, which started a bit after the 2008 Crash, was to sacrifice workers and income from work in order to protect and even grow at a faster pace the wealth of Asset Owners and Bankers.
During at least several years of his period there (can’t talk about the entirety of it, since I left the country before he left his job), real incomes of the lower 90% of the population were falling at around 1% a year, whilst for the top 10% they were rising at over 20% per year.
Mark Carney was the Bank Of England Governor of Austerity, a widespread pain which almost certainly was decisive in causing Leave to win the Leave Referendum and thus Brexit.
Unless, he has massivelly changed as a persom since the days when he was getting paid a massive salary to in a time when everybody was suffering, make sure the ultra-rich and sleazy bankers not just kept their riches but actually saw them grow faster than before (doing so by sacrificing the working class and the income from work), he doesn’t give a shit about people losing their jobs unless they’re his mates.
Thanks for your perspective. A lot of people like to point to his experience as governor of the Bank of England as an asset without really ever going into what he actually did in that position. It’s nice to get some context.
I think there are as many people who placed false hope in him as there were clear eyed people who saw him for what he was.
AFAIC Canada was becoming more conservative regardless of what I wanted so I voted for the less conservative party. Which is why we need to get rid of FPTP asap.
I think there are as many people who placed false hope in him as there were clear eyed people who saw him for what he was.
100% agreed. I don’t hold any negative feelings towards people who voted for Carney and now feel betrayed because I’ve always maintained that Carney seriously misrepresented himself before and during the election. Really, right up until he secured his majority. I remember when “Build Canada Homes” was first announced and people thought it was going to be a government run home builder building public housing rather than a public bank feeding money to private developers, for example.
I’ve always maintained that Carney seriously misrepresented himself before and during the election.
He conveniently used language with double meaning depending on your level of financial literacy . Carney has always been a capitalist and IMO he was clear about using capitalism to create a more sustainable capitalism in his book.
Which needs to be differentiated from the unsustainable Crony Capitalism of MAGA/PP. The appeal to the rich is less volatility leading to more predictable returns.
edit: and not to say Canadians are “financially illiterate” but there is a big difference between Rich Dad Poor Dad level knowledge and working in finance.
building public housing rather than a public bank feeding money to private developers, for example.
Yea… same with his Sovereign Wealth Fund. At best my hope is he’s planting a seed conceptually and getting the ball rolling physically for a future NDP to come in and deprivatize.
Shame that he’s one of the ones who plowed, sowed and fertilized the field were anti-EU populism grew strong.
His was the usual “magical” thinking of technocratic neoliberals in Finance who grew up in stable Democracies - the idea that you can Financially and Economically tilt the field as much as you want to favor a handful of people whilst disfavoring the majority and there will be no consequences outside of Finance & Economics (which they control).
This was quite a widespread way of thinking back then amongst Finance and Political circles in Britain - the idea that in Democracy control over Economics was the same as total control.
The reality was of course quite different: the pain suffered by the many as a result of the decision that Asset Owners should be saved using Austerity for the rest to pay for it, generated a social and political pushback which the Far-Right and the section of the very rich who funded such parties (many of whom also owned tabloids pushing such ideas) skillfully redirected towards anti-immigration and anti-EU feelings, which in turn ended up causing Brexit.
Similar things happened all over Europe, but because Britain was already thoroughly subverted by far-right tabloids and had a stronger and deeper Austerity than the rest (thanks in part to Mr Carney) there it happened sooner and harder, plus the results from Brexit were a warning to the rest of Europe and as the public opinion in the rest of Europe quickly turned against the idea of referendums on leaving the EU after seeing the shit show in Britain, the Far-Right parties there quickly shut up with their previous anti-EU rhetoric, so things haven’t become quite the shit shot as in Britain, though we did see the Far Right growing following the political and Economic choices made after the Crash, which were along similar lines as those in Britain in the Eurozone too, just not quite as nasty in most of it (with the notable exception of Greece, which was made to suffer to save German and French banks).
Just because Democracies don’t tend to end in Revolution, doesn’t mean that pain inflicted through Economic means doesn’t end up generating some kind of social and political pushback.
Brexit wasn’t categorically good for rich people either tho. Rich people only like volatility when they’ve induced it; and most of them were outsiders on that deal. Granted they’re only losing marginal gains, but those margins have a lot of zeros behind them.
Carney is a capitalist, but he’s not socially regressive, aka advocating for bigotry and conflict like CPC/MAGA
Carney was Harm Reduction. The alternative was far worse, and while he’s imperfect he isn’t a watered-down Trump. So, mentioning his failings needs to compare him to the alternative and how that alternative would have performed in his stead.
At least you can see the turd in the sandwich before you bite it? I dunno maybe that analogy works better for CPC.
I voted LPC specifically to protect disabled peoples access to services and life saving medications. I believe CPC would have allowed for US style markups as well as failing to preserve supply chains, and defunding/eliminating social supports. As opposition they’ve said a lot but done nothing on the matter which to me speaks to their true convictions.
People love to pretend I/others voted LPC cuz we were seduced by Mark Carney but EoD I voted to protect the people I love from maga & crony capitalism.
In some ridings maybe. But a big problem in ridings out west is that NDP/Green candidates change every cycle meaning that many people are effectively voting based on the party leadership.
Avi Lewis leadership will hopefully attract stronger candidates that also have the conviction to stick around for multiple election cycles.
The other thing is there’s next to zero provincial/federal cooperation for NDP/Green/ LPC… but culturally the CPC supports the provincial conservative parties.
The “3rd Party Argument” is an American discussion bleeding north that has little to do with the Canadian political context. Hence why I considering a timewasting generalization.
Oh, he reduced harm, all right… For real estate and asset holders. Look at income graphs below 100k over that span he was head of the BoE. Not a pence increase for the poors.
I’m neither Canadian nor live in Canada.
I did, however, live in Britain when Mark was the head of the Bank Of England.
His policy during his tenure there, which started a bit after the 2008 Crash, was to sacrifice workers and income from work in order to protect and even grow at a faster pace the wealth of Asset Owners and Bankers.
During at least several years of his period there (can’t talk about the entirety of it, since I left the country before he left his job), real incomes of the lower 90% of the population were falling at around 1% a year, whilst for the top 10% they were rising at over 20% per year.
Mark Carney was the Bank Of England Governor of Austerity, a widespread pain which almost certainly was decisive in causing Leave to win the Leave Referendum and thus Brexit.
Unless, he has massivelly changed as a persom since the days when he was getting paid a massive salary to in a time when everybody was suffering, make sure the ultra-rich and sleazy bankers not just kept their riches but actually saw them grow faster than before (doing so by sacrificing the working class and the income from work), he doesn’t give a shit about people losing their jobs unless they’re his mates.
Thanks for your perspective. A lot of people like to point to his experience as governor of the Bank of England as an asset without really ever going into what he actually did in that position. It’s nice to get some context.
I think there are as many people who placed false hope in him as there were clear eyed people who saw him for what he was.
AFAIC Canada was becoming more conservative regardless of what I wanted so I voted for the less conservative party. Which is why we need to get rid of FPTP asap.
Guess what, we actually voted for that and the asshole ignored us.
Yup. I voted CPC in my 1st election (grew up conservative). NDP for every other one except when JT lied to get my vote.
100% agreed. I don’t hold any negative feelings towards people who voted for Carney and now feel betrayed because I’ve always maintained that Carney seriously misrepresented himself before and during the election. Really, right up until he secured his majority. I remember when “Build Canada Homes” was first announced and people thought it was going to be a government run home builder building public housing rather than a public bank feeding money to private developers, for example.
He conveniently used language with double meaning depending on your level of financial literacy . Carney has always been a capitalist and IMO he was clear about using capitalism to create a more sustainable capitalism in his book.
Which needs to be differentiated from the unsustainable Crony Capitalism of MAGA/PP. The appeal to the rich is less volatility leading to more predictable returns.
edit: and not to say Canadians are “financially illiterate” but there is a big difference between Rich Dad Poor Dad level knowledge and working in finance.
Yea… same with his Sovereign Wealth Fund. At best my hope is he’s planting a seed conceptually and getting the ball rolling physically for a future NDP to come in and deprivatize.
He was head of Canada’s bank before that and was the same.
To be fair, he came out against Brexit and was slammed by assholes like Farage for being “political”.
Oh yeah, I remember that.
Shame that he’s one of the ones who plowed, sowed and fertilized the field were anti-EU populism grew strong.
His was the usual “magical” thinking of technocratic neoliberals in Finance who grew up in stable Democracies - the idea that you can Financially and Economically tilt the field as much as you want to favor a handful of people whilst disfavoring the majority and there will be no consequences outside of Finance & Economics (which they control).
This was quite a widespread way of thinking back then amongst Finance and Political circles in Britain - the idea that in Democracy control over Economics was the same as total control.
The reality was of course quite different: the pain suffered by the many as a result of the decision that Asset Owners should be saved using Austerity for the rest to pay for it, generated a social and political pushback which the Far-Right and the section of the very rich who funded such parties (many of whom also owned tabloids pushing such ideas) skillfully redirected towards anti-immigration and anti-EU feelings, which in turn ended up causing Brexit.
Similar things happened all over Europe, but because Britain was already thoroughly subverted by far-right tabloids and had a stronger and deeper Austerity than the rest (thanks in part to Mr Carney) there it happened sooner and harder, plus the results from Brexit were a warning to the rest of Europe and as the public opinion in the rest of Europe quickly turned against the idea of referendums on leaving the EU after seeing the shit show in Britain, the Far-Right parties there quickly shut up with their previous anti-EU rhetoric, so things haven’t become quite the shit shot as in Britain, though we did see the Far Right growing following the political and Economic choices made after the Crash, which were along similar lines as those in Britain in the Eurozone too, just not quite as nasty in most of it (with the notable exception of Greece, which was made to suffer to save German and French banks).
Just because Democracies don’t tend to end in Revolution, doesn’t mean that pain inflicted through Economic means doesn’t end up generating some kind of social and political pushback.
Brexit wasn’t categorically good for rich people either tho. Rich people only like volatility when they’ve induced it; and most of them were outsiders on that deal. Granted they’re only losing marginal gains, but those margins have a lot of zeros behind them.
Carney is a capitalist, but he’s not socially regressive, aka advocating for bigotry and conflict like CPC/MAGA
Carney was Harm Reduction. The alternative was far worse, and while he’s imperfect he isn’t a watered-down Trump. So, mentioning his failings needs to compare him to the alternative and how that alternative would have performed in his stead.
Did we get the harm reduction? I would argue not
Crazy how Carney Bad doesn’t need to be backed up with evidence that PP would have been better.
Like are Canadians really so dense that we can’t comprehend people voting defensively and have to assume everyone cultishly follows who they vote for?
Turd sandwich versus shit burrito.
At least you can see the turd in the sandwich before you bite it? I dunno maybe that analogy works better for CPC.
I voted LPC specifically to protect disabled peoples access to services and life saving medications. I believe CPC would have allowed for US style markups as well as failing to preserve supply chains, and defunding/eliminating social supports. As opposition they’ve said a lot but done nothing on the matter which to me speaks to their true convictions.
People love to pretend I/others voted LPC cuz we were seduced by Mark Carney but EoD I voted to protect the people I love from maga & crony capitalism.
There were more than 2 parties, he didn’t have to be the defensive choice.
NDP didn’t bring enough to the table just like that comment.
Source: NDP voter.
More than 3 parties, he didn’t have to be the defensive choice.
People can’t avoid criticism for voting for someone just because they didn’t want someone else to win.
My riding flipped a CPC stronghold voting LPC and green/NDP got less than 5% of the vote combined.
Please stop wasting peoples time with baseless generalizations. Depak Chopra level political wisdom does more harm than good.
If they were all voting defensively then couldn’t the NDP/green/etc win if those votes all went to them?
In some ridings maybe. But a big problem in ridings out west is that NDP/Green candidates change every cycle meaning that many people are effectively voting based on the party leadership.
Avi Lewis leadership will hopefully attract stronger candidates that also have the conviction to stick around for multiple election cycles.
The other thing is there’s next to zero provincial/federal cooperation for NDP/Green/ LPC… but culturally the CPC supports the provincial conservative parties.
The “3rd Party Argument” is an American discussion bleeding north that has little to do with the Canadian political context. Hence why I considering a timewasting generalization.
Oh, he reduced harm, all right… For real estate and asset holders. Look at income graphs below 100k over that span he was head of the BoE. Not a pence increase for the poors.